本刊记者 牛朝阁 固态电池已经到了冲刺阶段。 一面是企业密集公布研究、产能、商业化进程；一面是理论研究出现重大突破。固态电池为何引发技 术、产能、商业化三方共振？什么时候能走出实验室量产"上车"？ 理论、产能、商业化接连突破 固态电池指采用固态电解质代替传统液态电解质的新型电池技术，这一技术能更好地解决续航里程和短 路起火问题，被业内称为动力电池的"最终解决方案"。但长期以来，受限于技术、成本、产能、商业化 等多个方面，固态电池未能真正走出实验室。 今年10月底，本就备受关注的固态电池再次站在聚光灯下——在短短半个月内，整车企业、电池企业或 发布新款固态电池，或明确量产，或公布商业化应用时间点，叠加科研方的理论突破，技术、产能、商 业化"共振"引发广泛关注。 10月18日，与国轩高科合作的奇瑞汽车展出了犀牛S全固态电池模组。这是一款电芯能量密度高达 600Wh/kg的电池模组，接近锂电池理论极限，续航里程将提升到1200公里至1300公里。按照计划，奇 瑞的这款犀牛S全固态电池将于2027年完成装车验证。 两天后，东风汽车官方发文称，已经成功量产固态电池并构建起供应链，预计于2026年实现装车。 欣旺达也几乎 ...

Core Viewpoint - The company reported a strong performance in Q3 2025, with significant improvements in gross margin and net profit, driven by increased sales in energy storage battery products and a favorable product mix [1][2]. Financial Performance - For the first three quarters of 2025, the company's revenue reached 43.53 billion, a year-on-year increase of 13.7%, while net profit attributable to shareholders was 1.41 billion, up 15.9% year-on-year [1]. - In Q3 2025, revenue was 16.55 billion, reflecting a quarter-on-quarter increase of 15.2% and a year-on-year increase of 12.6%. Net profit for the same period was 0.55 billion, with a quarter-on-quarter increase of 41.5% and a year-on-year increase of 17.0% [2]. - The gross margin in Q3 2025 improved to 18.5%, a quarter-on-quarter increase of 3.7 percentage points, marking the highest quarterly level since 2021 [2]. Product Development and Market Trends - The company is experiencing a structural upgrade in consumer battery products, with increasing demand for energy storage batteries driving scale shipments. The market share for domestic power battery installations reached 3.35% in the first three quarters of 2025, a year-on-year increase of 0.25 percentage points [2]. - The company announced an investment in a second phase lithium battery project in Thailand, with a planned total capacity of 17.4 GWh and an investment amount not exceeding 482 million [3]. - New energy storage cells were launched, including high-capacity cells with advanced stacking technology, expected to be mass-produced in Q4 2025 [3]. Future Outlook - The company anticipates increased market share with existing clients and new partnerships with major automotive manufacturers like Volvo and Volkswagen expected to yield production in 2026 [3]. - Profit forecasts for 2025 to 2027 have been adjusted, with net profits projected at 2.192 billion, 2.908 billion, and 3.516 billion respectively, reflecting a stable profitability outlook in consumer lithium batteries and scale effects in energy storage [4].